Portsmouth are the new Arsenal...so we won't be buying any new players (yet), claims owner Sulaiman Al Fahim

Portsmouth owner Sulaiman Al Fahim has vowed to turn the south-coast club into the 'new Arsenal'.

Dubai-born Al Fahim, who bought Pompey for about £60million in August, said: 'My model of a club is Arsenal. The philosophy they have of signing young players so that they can grow within the club is ideal. Barcelona are the perfect example too – they signed Lionel Messi at 13 and developed him from the start.

'We have come into Portsmouth because we see an enormous amount of potential here – if we chose this club ahead of others it was precisely because of that potential.

'But we have to start by giving the club the right infrastructure. We have to do things at the right time and right now the priority for Portsmouth is to create the foundations so that it can be a stable and serious club in the future.'

Many Portsmouth fans were hoping for a Manchester City-style windfall after news of an Arab takeover of the club broke this summer.

However, Al Fahim, who has watched his side lose six out of six league games so far this season, insists that Portsmouth will take a different approach.

'We're not in a hurry to sign stars and we're not going to go into the transfer market at the moment.

Cup run: Carlisle striker Joe Anyinsah is beaten to the ball by Pompey's Nadir Belladj (right) as Aruna Dindane slides in during the Carling Cup third round tie

'We'll probably start signing next summer when we have the necessary liquidity to do so. It depends on how the business side of things evolves between now and then but that would be the logical stage (to do so).'